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8tracks encourages subscription as it nears completion of major-label licensing

David Porter March2016 canvas

In a revealing blog post that transparently reveals company financials while explaining economic realities of the music streaming business generally, 8tracks Founder and CEO David Porter has announced that his company has "nearly wrapped our deal with the first of the major labels." Along with that revelation, Porter says that 8tracks will start its subscription service in the new year.

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8tracks plans Regulation A crowdfunded equity offering

David Porter March2016 canvas

Kickstarter meets Wall Street. Music service 8tracks is filing for a Regulation A securities offering, hoping to raise $5-million or more through a public investment opportunity open to anybody. Required documents will be filed this week. After regulatory review, 8tracks expects the investment round to open by June. Regulation A is a relatively new investment type.

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8tracks to restrict international listening (for now)

8tracks Logo June 2015 canvas

8tracks announced an update in how international listeners will be able to access its playlisting service. The company said that outside of the U.S. and Canada, listeners would only be able to experience playlists by YouTube video playback. The big change is that international listeners will not be able to stream from the iOS or Android mobile apps anymore.

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Mid-size and small webcaster reaction to new CRB rates

kurt hanson about canvas

While Pandora, iHeartMedia, and the National Association of Broadcasters (NAB) are content with new CRB rates, the royalty ruling puts smaller streamers on shaky ground, we've heard from several sources. Click for comments by Rusty Hodge, Kurt Hanson, Brian McAndrews, and David Porter.

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